BNY News and Press, BlackRock New York Municipal Income Trust From 02/22/21

BlackRock is consolidating its New York muni CEFs. The mergers are expected to close at the start of 2021 Q2. Buying BFY and BSE instead of BNY offers 3.5% alpha potential over a short holding time period. For further details see: Arbitrate Opportunity In BlackRock New Y...

Listen on the go! A daily podcast of Wall Street Breakfast's Alpha Talks will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks finished modestly higher Friday on light pre-holiday volume following a late-session surge led by the energy sector, as crude oil futu...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Disney streaming successShares of Disney (DIS) rose 1.6% AH on Thursday after its fiscal first-quarter earnings easily topped profit expectations, on reven...

High Yield Dividend Stocks continue their strong performance into 2021 after a dismal 2020. There are 26 high yield stocks on the February watchlist, with 3 stocks making their debut on the list this month. The watchlist has returned over 15% since November 1, 2020. For furt...

BlackRock Advisors, LLC announced today that, at a special meeting of shareholders (the “Meeting”) of BlackRock New York Municipal Income Trust (NYSE: BNY), the requisite votes of shareholders of BNY have approved the reorganization of each of BlackRock New York Municipal ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Sizing up stocks on Inauguration DayLast minute preparations are underway in heavily fortified D.C., where Joe Biden will be sworn in as the 46th President...

17 out of 23 CEF sectors positive on price and 19 out of 23 sectors positive on NAV last week. PPR tender offer expires on January 4, 2021, and our Tactical Income-100 portfolio is tendering all shares. NHF's extended tender offer also expired. For further details see: W...

BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the “Meeting”) of BlackRock New York Municipal Income Quality Trust (NYSE: BSE), BlackRock New York Municipal Income Trust II (NYSE: BFY) and BlackRock New York Municipal Income Trust...

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week as election volatility subsides. NHF tender offer begins, with an expiration date of December 10, 2020. We discuss RIV's rights offering results in a separate report. For further de...

Stimulus talks continue as the two parties try to hash out a deal before the elections.  That deal before November is becoming more elusive. The September payrolls report showed that 661K jobs were added in the month, which was below expectations of 850K.  Unemployment rate ...